Top banker condemned to death for bribery
Dystopian π΄ββ οΈ Capitalism: Episode 15
Alexandre Campos | January 8, 2021
In capitalist countries big corporations do as they please. They participate in corruption, price fixing, big pollution, and many more dirty schemes to maximize their profits.
Look what happens in China, a top banker was condemned to death after he was found guilty of accepting $277 million in bribes!
https://www.businessinsider.com/china-death-sentence-banker-lai-xiaomin-bribery-bigamy-2021-1
In western capitalists countries there are no examples of accountability for their continuous crimes, the worst that happens to them is paying some fine, which are always a fraction of their profits. Remember the Volkswagen emission scandal? After the 2015 scandal they were doubling the profits in less than two years.
https://www.dw.com/en/scandal-hit-vw-doubles-profits-in-2017/a-42714967
The Unites States and governments all over the world putted tighter rules on money laundry, drug trafficking and other illegal transfers.
But I.C.I.J. has released leaked documents that show that big banks still do it and U.S. government is aware it, and it continues because those are powerful financial institutions.
Few years ago China started to apply death penalty for extremely serious corruption cases in an attempt to reduce it, and harsh sentences in no so extreme cases.
https://www.dw.com/en/china-allows-death-penalty-for-extremely-serious-corruption-cases/a-19195292
Capitalism is a system that the corporations control the governments and these kind of measures will be difficult if not impossible to implement.
Episode
Dystopian π΄ββ οΈ Capitalism series,
This series explain how capitalism is so crony and corrupt that corporations can exert such an immense power that allows them to destroy the planet, harass workers and collect all the profits!